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so i'm glad you're here tonight. so after it came out in spain, and spanish at university of valencia, nauseous come out october 1st year in the state. and it changes the bunches of. a lot of the stuff i changed was john's idea. he said he was absolutely right. he said the ship to hear you don't think understand and he also made some wonderful suggestions. so we took a chapter out and instead put in an afterword, what it was like to get out of the diplomatic service and go to rutgers university where it been every since as a professor in the very late 60s, early 70s. i went there in 69 and i'm still there. i was supposed to go to vietnam as a u.s. cultural attachÉ in spain and by this time i thought the worst these idea and i'll say three little children i wasn't going to be in a non-gory work i didn't believe in, so i left the service. the four years before that bernstein. there's probably two stories they want to focus on this evening. one is about the day i spent along with martin as their king and richard of all places and the other run is about one of the really terrible events
of the main events of the task 12 months. >> in europe, it was all about the debt crisis. greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year, it was clear that the eurozone had a tough time ahead. credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fis
a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp o
small to view. i think what really bothers me is spain which i think clearly bothers the whole market. the question, a growth going to fall off a cliff or whether it muddle through and a bailout will be sufficient. as you say, we don't know the answer to that question. that remains the tail risk. until we do get close to a resolution, i'm not going to turn massively bullish. >> what's your view on that? >> i think i go along very much with what he's saying. >> what is your view on what happens to spanish growth? >> i think spain has a lot of problems at the moment. it's not seeing a lot in the domestic market. not seeing it move toward an export. in which case spanish growth is going to be very, very weak for some time to come. >> all right. good to see you. thanks very much. alan will stick around. time to bring you today's global markets report. let's go to asia for the update. >> that upbeat pmi data failed to lift greater china markets. there is pessimism over general lack of policy and also fears that over 800 companies lining up for ipos could further drain liquidity out of the
for the holidays. >>> across spain thursday, coordinated demonstrations were head in dozens of cities to protest cuts in education. it's part of austerity measures aimed at lifting the country out of diet dep. spain's recession is hurting the theater business, too, but as mark phillips reports, one owner found a way to sell tickets. >> reporter: other places, theatrical productions may be about drama and song. in spain right now, though, they're also about vegetables, specifically -- >> carrots. carrots. >> reporter: carrots. the humble root which may determine whether kym marsh's theater in the town near barcelona lives or dies and a lot of others too. why? because the spanish government has recently just about tripled the sales tax on theater tickets and kym fears that no one would ever fill these seats, until he made a discovery whiles out shopping. the tax on carrots is 4%. >> 4%, yes. >> reporter: the tax on theater tickets -- >> 21%. >> reporter: 21%. kym marsh did the math. food for the body, 4% tax. food for the soul, 21%. there had to be a way to bridge the gap. there was. kym doesn't s
's largely green behind me. the fits fits mib is atting .6%. the ibex in spain, up 0.8%. and the ftse up about 0.3%. now, some company-specific news this morning, fin mechanica saying shares up 2.4%. this on news they're set to buy sge-avio. safran is also a company considering that change. let's take a quick look at the bond space. we'll get a sense of the kind of trade we're seeing shaping up. it is consistent with flows into the periphery, perhaps out of the core and the risk on move generally that we're seeing this morning. yields up to 4.5 roughly in italy at about 5.4%, respectively. gilt is moving up towards is.9% this morning. the bund yield is still extremely low, so that spread between gilt and bund is widening. look at the euro/dollar. 1 1.3171. extraordinary. we're almost up at that 1.32 level. the dollar/yen is flat, right about 83.88. there we go. a little bit of movement there. the aussie lsh dollar is weaker. the aussie/dollar has been weakening. maybe the researchers of the yen not doing too much to spur sentiment. in any case, let's get the latest out of singapore. >> g
in the harder hit regions. ftse mib, spain up better than 1%. consistent with the rally we saw yesterday. remarkable. the xetra dax adding .1%. for its part, up to close to 30% this year. the ftse 100 adding .3. the bond space, we'll look at that and talk later about the big trades that have helped some hedge funds, for example, when it comes to greek debt. for the time being, mario's comments this summer is have techively kept the bond gleelds a tight range since then six months or so now, this is going. and differentiation across the space where italy price rising, not the case for spain which is seeing its yield up to 5.3. and i know we haven't mentioned this in a while, but i want to draw your attention here. the ten-year gild in the u.k., 1.957%. extraordinary. we're not off the 2% market in the spread, widening significantly. coming up on the program today, the count is set to get underway in south korea following general elections. we'll head to seoul to find out whether the country could elect its first female leader. >>> the bank of england releases minutes from its latest polic
bond denominated in the strongest currency in the world, the euro, paying 5.5%? i'll take spain over the united states at this point any day. >> all right. >> so don't agree at all. do not agree at all. look, retail sales in spain are down 9.7% year-over-year. they're seeing the biggest bank run in spain the globe has seen since the great depression. youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. spain is in significantly worse position. they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not
a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about
model in spain. >> first of all, warren buffett, there again i think the contradictory as of all of this is at play. on the one hand, yes, there have always been people like him on the side of the wealthy, the big corporations, who have a clear understanding that at a certain point it becomes dangerous to keep going in that direction. you cannot keep having a smaller and smaller number of people doing really well in a sea of people that are having a harder and harder time. pushing, but don't kill the goose that lays the golden egg in the end. so there are always voices like that. not the only one. there are a whole bunch of people like that to see that and to have the courage or the comfort or the security to say it. remember also, the same warren buffett he says that is a major owner of the moody's corporation , and the moody's corporation was a central player in providing aaa ratings for securities we now know were worthless, are worthless, fraudulent, and someone. and so, you know, he is as he would himself admit a part of the system and therefore draw and to many of the activ
. in spain, that means one in every four people are out looking for work and a dependent on state aid. >> but it is not all bad news. ireland has managed to turn its major recession around and is now posting gains thanks to a lifeline from the e you. >> two years ago, ireland receive more than 67 billion euros from the eu bailout fund, and the money appears to have helped. the government was able to sink its annual deficit from 32% to 8.5% of gdp, and it is paying much lower interest on government bonds, and the irish economy is growing. only unemployment remains stubbornly high. in october, the jobless rate was still above the eurozone average at 14.7%, but in countries hard hit by the euro crisis, there were even more people out of work, and an increase, and employment is one of 25%. in spain, 26% were one in two young people is out of work. things are not quite that grim in italy, but more and more young people are looking for work. the youth unemployment rate is 36%, the highest since june 2004. >> we have to take a short break, but when we back, december 1 is world aids day. we w
concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the
in spain. in keeping the peace, how far should the police be able to go? that is a question that has been raised after some people have been left severely injured. country,in's basque police officers train with a new weapon. they will use it at demonstrations when things turn violent. the weapons afire these, the rounded tip of which is made of a heart from. they can be fired accurately at a distance of up to 50 meetings. in this region, they will have a weapon which fires these rubber balls. the new weapons can be fired directly at the troubled maker but the rubber bullets are first fired at the ground. the idea is that they will bounce up towards their intended target. the police will stop using this weapon after a rubber ball hit a man back in april and he later died. more questions follow the case, this woman who is blind in one eye. she was hit at a demonstration in barcelona last month. >> i knew straight away that he was really serious. i knew that my i was missing. i really don't understand that. you can demonstrate for your rights, the police charge that you like you are at a sta
. most associations expect employee numbers to remain stable. >> it is a very different picture in spain where unemployment there remains at record highs. 25% of spanish workers remain out of a job, and with government spending being cut, that number is expected to increase. >> there has been a wave of protests throughout 2012. today, health workers hit streets in the capital, madrid. >> public health workers took their complaints to the door of the health ministry. >> the first thing we are going to notice is the decrease in the quality of care. other consequences will be a higher mortality rate. people will also stay sick longer. >> the prime minister's government is making cuts in many areas. that includes reduced unemployment benefits and cuts for civil servants. add to that a hike in the value- added tax. the combined savings are supposed to bring down spain's budget deficit. the eu is giving madrid more time to get its deficits in line. reductions in health spending are only part of the total to save, but the symbolic value of cutting medical care is great, and so is public anger.
're the teammate. you should be ther >> it is an annual tradition in spain a lottery at christmas time. we're going to tell you why the jackpot in the game makes the power ball so weak. >> it is realry a huge lottery in spain. there were multiple winners. most of the winners near madrid. >> the pay-off is around half a million dollars. a man bought 10 of those tick. and guess what they are $5 million richer. the country takes a have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealersh? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier toto get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and ir first month's payment on any n new volkswagen. visit vwdeal.com today. >> head over to our website, wjla.com, some very cool pictures of know flakes. you're p
the spectacle of that. >> new year's in spain, it also has an interesting tradition. it involves grapes only because the grapes sitting right here. tell me about this. >> yes, all people in spain on the strike of midnight do the following, a great spanish tradition. what they do is, they will start with one grape on the stroke of midnight and for every single minute, every second until the next minute have another grape. i thought we should try it and see how it goes. usually people in spain don't necessarily eat all the grapes, but we can try and, again, it's called the old knight and in the squares of madrid, they'll have the huge clocks chiming and the people in the square all together will do it collectively. so, as we hear the first chime, let's try it. >> do we have chimes? >> we have chimes. >> i'm going to choke if i eat more than one. worse yet, you can't kiss. how do they kiss? you can't answer because you're eating these grapes. you do this well, i think you went to spain at least once for new year's eve. >> she did much better than me. >> i dropped one. >> i have 11 sitting here.
of spain's massive lottery split a jackpot worth more than $3 billion. >>> hi, i'm staff sergeant massey here in kabul, afghanistan. i would like to say happy holidays to all my family in fayetteville, north carolina. happy holidays. my family in fayetteville, north carolina. happy holidays. ( ♪ ) for those nights when it's more than a bad dream, be ready. for the days when you get a sudden call from the school, be ready. for the times you need to double-check the temperature on the thermometer, be ready. when you have children's motrin on hand, you're ready. for high fever, nothing works faster or lasts longer than children's motrin. be ready with children's motrin. when an army of volunteers serve up a holiday feast for thousands of diners. and preparing a stormy white christmas around the countr where people will be shovelg out driveways...and packing scrapers. "i think it will just signal that they can't get it toger -that probably leads to even worse decisions in the futu and bay area leaders sound f on the fiscal cliff stalema. join us for cbs 5 eyewitness news this morning... be
. >> it is a rare thing for you. hang around long enough, it will go your way. thanks for that. >> cheers. >>> spain. the treasury is setting up three, seven, and ten-year bonds. they're now pre-funding for 2013. we've got the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making china's famously inefficient bureaucracy more efficient. it's an effort to "win the confidence and the support of the people" as public backlash rose against the special treatment of politicians. so a new list of dos and don't's for chinese leaders. on the do side, cut down on giving face. the art of extreme flattery or reverence, which results in some very long meetings and speeches. keep them short and cut down on the lavish feasts. he's also encouraging more travel to rural par
, adding about .1%. take a quick look at the bond space, the yield for spain and italy is moving higher today. but roughly as relevance we've seen predominating over the last couple of weeks. that is around 5.3% for spain. 4.5% for italy. we did see guilds moving about 3% level. now back below 1.9%. stick around because straight ahead, we get a view from one economist who says the weaker yen team is going to continue into the new year and offer some strategic calls. >>> as europeans get back to trading equities, let's get a sense of what we might see in the markets today. chris joins us from ibg group. chris, good morning. >> morning. >> we've seen a pretty quiet couple of days here. we've been talking about strength in the dax and whatnot. what's on your radar screen? >> as you say, it remains a fundamentally quiet day. unfortunately the fiscal cliff is dominating everything, really, what little traders are doing is being over-shadowed by the lack of movement, rather, in washington. >> and we've just heard allen capper who is with us talking about more volatility in the first quarter.
. and, of course, it is recognized. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five, though it's very, very encouraging. on the other hand, you have unit labor costs which have been diminishing quite a lot and the exports of spain are very dynamic today. so it also demonstrates that hard work is being done. it's difficult. it's tough, but going in the right direction. i trust that the global observers are observing progressively and the adjustment is proceed. in spain and in all the countries that are under adjustment. >> now, lonmin's ceo ian farmer is stepping down while being treated for a serious illness after being first admitted to hospital back in august.
. but europe is also finding that green jobs are not all they thought that there would be. spain has just stopped its subsidy for solar power. a solar power does not work in sunny spain it is probably not going to work anywhere. gerry has also stopped its subsidies for solar power. there are a lot of clouds in germany. but the un has had a very strong influence on less. >> po will not old enough to remember, but jimmy carter gave billions of dollars to up alternate energy projects. >> i do remember. i was of the people who had to wait in gas lines in the 1970's. >> to any of those plants still exist? i don't think it lasted more than a couple of years. secondly, are you familiar with another program where he gave money to build five different steel mills, four of went with -- board of which went bankrupt almost immediately and the fifth one put at a business the plan in kansas city in. >> well, jimmy carter's programs did not work then, as i mentioned, i remember waiting in the 1970's in gas lines for one or two hours to fill up with gasoline in the western d.c. area. and just as thes
for government to keep raising the value added tax. we've seen it happened in spain, italy and greece and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components a
at the moment, but how did we ever let these excesses of housing here, housing in spain, housing elsewhere, in ireland, in this japan earlier -- in japan earlier, remember those days when you used to talk about the property around the imperial palace in tokyo, and a few hundred acres was equal to the value of all the real estate in california. now, that was real -- i don't know if it was true, but each to talk about -- but even to talk about it was a sense of how extremely -- [inaudible] >> do you share the, when you talk to fed officials, do you share -- >> i'm off the record here? >> no, not now. [laughter] no, no, you're fully mic'd. [laughter] when i talk to a fed official up there because happens to be power within the cia, um, they reveal and betray certain kind of frustration with the criticism they've been subjected including the criticism that they're easing too much because they say, well, that was the only course of action. we couldn't have done anything else in the face of a pretty -- political class. do you share that? >> well, they got it in both directions, and, you know, i
the most powerful people in the world to debate the meaning of what they had done. the queen of spain, the raiders parliament, to united states presidents, supreme court justices, the american congress, the queen of england. they are all paying close attention to this debate. what do we do about these africans who have taken courage and hand and seized their own freedom? well, they are self emancipation i will suggest had a lot of ripple effects around the atlantic in europe, in and africa, the caribbean and in america, especially in america where it had the impact of radicalizing the abolitionist movement. and by that i mean that more and more people began to recognize that the resistance of enslaved people was crucial to abolition. it began during the time of the amos.rebellion and to quote the famous line from lord byron. this is repeated again and again and again all the way up to the civil war, and that line was, those who would be free must themselves strike the first blow. in other words, action from below can be a trigger. this had a very dramatic impact on a lot of leading af
. >> exactly. the jobless rate in spain, don, this year topped 25%, so many people are still struggling. that being said, though, spirits will -- were lifted, and many people had a reason to line their pockets. the lottery, it's the largest lottery in spain, and it's literally translates to the big fat one, elgordo, and spain paid out $2.2 billion to thousands of winners, and you have young children who read out the numbers, which we saw on the video before, and it's really - read out the numbers and it lifts a lot of spirits especially in a time where they have been hit with economic hardship. >> maybe that would help. >> winning the lottery. >> i watched "miracle on 34th street" except i don't like the colorized version. i like the black and white. bah humbug. don scrooge. sorry. maybe when dsanta comes i'll fel better. >>> a year ago he blew out a knee and his career was in jeopardy. now he's chasing an nfl record and one of the year's most inspiring comebacks. a sports story you have to hear about next. and then treats day after day... block the acid with prilosec otc and don't get
trips to study abroad in spain, italy, morocco. perhaps most importantly chris knew how to relax and enjoy the moment. when i would periodically freak out about my course work or some o ther problem i thought i had he would make me stop and take a break, play a game of back gammon on the balcony and enjoy the view. it was an early lesson in the zenlike mindfulness of chris. no wonder he exceled in such a challenging and stressful career. i don't want you to think chris was perfect. after extensive research we came up with at least one or two blemishes on his record, sort of. in the interest of time i'm leaving out inappropriate limericks about philosophers. the only time i saw him lose his temper is when we were sharing a double room in the last year. some of the lessen lightened brethren decided to make a bunch of noise during finals week. when yelling at these guys didn't do the trick, chris burst out of bed, ran out onto the balcony, grabbed a water fire extinguisher and let them have it. he seemed much less angry when he came into the room and particularly pleased when the gu
half a percent, as well. take a look at bond yields. we looked at that auction yesterday from spain. they raised 4.3 billion. years went lower. nevertheless spanish yields today 5.4%, slightly lower from where we closed, but they did move up substantially after a handle of 5.2. we'll keep our eye on gilts, as well. we'll look ahead to the bank of england. nothing expected from them, of course. 1.8%. david miles was the only man who voted for more qe at the last meeting. as far as currency rates are concerned, euro-dollar at the moment 1.3068, just below the highs during the says. dollar-yen fairly contained. sterling-dollar steady 1.61. so pretty much as you were on some of those compared to this time yesterday. so what about the sazian session? only one lady to tell us. >> thank you, ross. asian markets ended mix. japan's bourses outperformed the region. despite a slight improvement in november corporate sentiment showed weakness. knee sap finished lower as they planned to recall nearly 50,000 cars in japan. shanghai composite pulled back after yesterday's 3% surge. investors booke
and spain, which are treating it as a health issue rather than a criminal issue are getting on top of the problem. >> are you advocating the legalization of drugs? >> globally, we have tried different approaches. the legalization of canvas or the regulation of canada's, would like to see -- seecannabis or the regulationcannabis, would like to see country try that. we would like to see the regulation. correct here in the united states today, possessing small amounts of marijuana becomes legal in washington state. do you expect federal law to change? >> we will see. this is a lot like what happened with the repeal of all in the late -- the repeal of alcohol. state's first did it and then eventually the national government followed suit. washington and colorado became the first two states, not just the first two states, but the first two political jurisdictions anywhere in the world to do this. i think eventually feller what -- federal law will follow. >> and don't you worry that legalizing drugs would just lead to more people using drugs and even more crime? >> this is not about lega
the parents. the father is also being charged with battery. >>> rescue in spain when a paraglider got stuck on a power line hundreds of feet above the ground as you can see. dangling there for hours as rescuers worked to set him free. they used a crane and a cable to get him down. >>> at a mall in denver amis toot santa essentially a visit to santa is more especially. parents say being able to communicate with santa make as big impact on the kids. >>> and the bay area's favorite way to ring in the new year is always on kron. hosted by catherine heenan and gary radnich. new year's live. that is jumping too far ahead. >> what is the forecast for new years? partly cloudy skies -- no, i have no idea. >> christmas? that is far ahead. how about tomorrow? >> okay. i will try to do tomorrow. temperatures into the 60s for tomorrow. sunny skies. and i can do save days. -- do 7 days. let's try that. cá thursday early showers and cooler through the week. could be snow in the highest elevations of the bay area. >> that is it for us. have a good night everybody.
, she spoke english and spain and was successful in music and reality tv. >> the fans are mourning. people are hurt. >> san jose singer and radio personality says rivera wasn't shy about letting the world know about her problems and failed marriages. >> her music portrayed that women can do it, too. kind of like a feminist thing. if i did it, you can do it. if you have kids, if you're in a tough relationship, you can still make it. >> to the many working moms in the mexican american community she was a favorite and a role model. >> a very good mother. she's an example for me because i'm a single mother, too. she tried very hard to help her kids. >> sad day for you? >> very sad. very sad. >> a lot of fans just can't believe the news is true. in fact, it was thought that it might be a hoax early on because initial reports did not find her remains at the scene. but this afternoon u.s. ntsb officials did confirm her remains were found. jenni rivera dead at 43. len ramirez, cbs 5. >>> an motional apology from the australian djs who pulled a prank on the hospital treating the pregnant du
was due to go to spain. he even call from hospital to say he could not go. his widow's lawyers said this meant he should have been protected. britain has been trying to improve relations with russia, but old wounds may now be reopened. >> there will be unusually stark and diplomatic fallout from this incident it was known when the papers were delivered and this would cause reaction, and perhaps even anger. >> was he killed on orders of the russian secret services? and was it because of his work for the british secret service tax -- service? >> it gets more and more mysterious. still to come, leaving his mark where it was not wanted. evangeline's a prison sentence after defiling a famous painting. >> ministers agreed on a fully fledged banking union and bailout loans for greece. what was being done to prevent another global downturn? that was on queen elizabeth's mind as she visited the bank of england. >> trying her hand at high finance, the queen, put in her signature on a special, a bank note. >> it does not improve much. >> the bank note, worth 1 million pounds, seem like small c
in italy, spain, and france proved especially wary. only britain bucked the trend with a rise in new car sales. a decade it has been since the inclusion of the german media empire. the state appellate court in munich today ruled that deutsche bank must pay damages to the heirs of the deceased mogul. >> the court ruled that the former ceo of deutsche bank, seen here, was responsible for the collapse of the world's largest licenser of film rights. in an interview, this credit worthiness was question, driving the conglomerate into bankruptcy. damages are expected to range anywhere from 120 million euros to 1.25 billion euros. it was also a big topic at the frankfurt stock exchange today. our market correspondent gave us this report from the trading floor. >> for the deutsche bank, this verdict is more than just a verdict because it weighs heavily on the image of germany's biggest bank. also because of the fact that the trial is not the only one that the deutsche bank is faced with, and some analysts are fearing now that investors might lose their confidence in dutch bank and sell their shar
a recovery occurring in the eurozone, nkts look forward to 2014 and beyond. >> spain? >> for sure. >> when? >> probably in the second quarter. >> that's an interesting idea, all at once. david owens from jeffries, thank you so much for stopping by. >>> straight ahead, economic policies for next year and what is in store for markets if it mean slower, short-term growth? can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground at fedex of. >>> shinzo abe wastes no time on calling on the bank of japan to ease interest rates. >>> get a little, give a little. reports say john boehner may be willing to raise the tax rates on the rich if president obama raises the cuts. >>> and corporate news weighs on sentiment in europe. kpn shares fall as the dutch telecom group scraps the divide dividend. >>> okay. we're into new trading week here. the xetra dax and the french mark
an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to convince members it will be worth the vote. president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last
whole >>> rain on christmas day, more showers into wednesday >>> it's been a difficult year in spain. one in four people there out of work, but it's ending with some christmas cheer. nearly 2,000 people hit the jackpot in the world's richest lottery. the story of el gordo is next on "cbs this morning." and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma or other types of cancer have happened. blood, liver and nervous system problems, serious allergic reactions and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region wher
? >> thousands of people have been protesting in salvenia. >> and in spain activists are against an conviction law which strips people of their property but leaves to pay their mortgage payment in full. >> a spokesman said the sunshinery was successful and she's likely to go home in a few days. the 87-year-old was a prime minister. >> a human rights group questioned britain's alleged case of torture. they have agreed to pay $23 million to iraqi who is say they were illegal detained by british soldiers. but activists are demanding a public inquiry in all cases. >> an iraqi suspect is being interrogated by british soldiers. he tells them he's in pain. [beep] >> it's videos like this submitted to british courts that have helped force the u.k. government to make payouts of the payout over the space of three years. beatings, threat, sleep depravation, sexual humiliation say amount to systematic torture. >> you have to be very careful before you start embarking on anything that might turn into torture. the question is, of course, whether sleep depravation, whether food depravation, water depravation
. and the people in particular are suffering. countries like portugal and spain, which are treating it as a health issue rather than a criminal issue are getting on top of the problem. >> are you advocating the legalization of drugs? >> globally, we have tried different approaches. the legalization of canvas or the regulation of canada's, would like to see -- seecannabis or the regulationcannabis, would like to see country try that. we would like to see the regulation. correct here in the united states today, possessing small amounts of marijuana becomes legal in washington state. do you expect federal law to change? >> we will see. this is a lot like what happened with the repeal of all in the late -- the repeal of alcohol. state's first did it and then eventually the national government followed suit. washington and colorado became the first two states, not just the first two states, but the first two political jurisdictions anywhere in the world to do this. i think eventually feller what -- federal law will follow. >> and don't you worry that legalizing drugs would just lead to more people usin
to bring. can i bring a decent bottle? >> i hold the bottle that is very decent it is from spain and 1295 days dollars in defense sense per bottle. >> i don't know the menu. >> that does not matter for dinner. most people think they will have it right then and there but most people have their own wine ready. it is more as a gift. you put so much time into the wind you pick. >> it is always safe to break a sparkled wind. tracy: i am in crge of matching. piano in a war? >> it is the easiest. smoothes and the perfect read. >> my wife and i drink winn from argentina. every night white wine. tracy: started 1947? 1970 were on the map going from a really expensive bottle. >> i have the opportunity to taste the wine made clear year lincoln was shot. 1865. i decided it only had the opportunity once in my life. i went for it. i held the world record platt -- price of $520. it would be around $50,000 a bottle today. tracy: that was a lot of money back en. >> 105 years old at the time. tracy: some of the most expensive models you cuddle that like good newborn child >> this is so expensive and prious.
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